What type of insurance coverage does Ibey Motors need to cover liability for vehicles in its care, custody, and control?

The appropriate type of insurance coverage that Ibey Motors requires to address liability for vehicles in its care, custody, and control is garagekeepers liability. This coverage specifically protects businesses, like auto repair shops or dealerships, against the liability associated with damage to customers' vehicles while those vehicles are in the business's possession. This includes incidents such as theft, vandalism, or damage while parked or being worked on by the staff at the establishment.

Garagekeepers liability is essential for businesses that handle others' vehicles, as it ensures they are financially protected from claims related to these vehicles. Other types of insurance might cover different aspects of business operations but do not provide the focused protection that garagekeepers liability does for vehicles held in trust. Thus, it is specifically designed to meet the needs of businesses like Ibey Motors.